Hill International Names Raouf Ghali as the Company’s New Chief Executive Officer
August 20 2018 - 4:19PM
Hill International (NYSE:HIL), the global leader in managing
construction risk, has announced Raouf Ghali will become the
company’s new Chief Executive Officer, effective October 1, 2018.
Mr. Ghali, currently Hill’s President and Chief Operating Officer,
will replace Paul Evans, who has served as the company’s Interim
CEO since May 2017.
Craig L. Martin, Hill’s Chairman of the Board of
Directors, said that Mr. Ghali’s history of success at Hill was a
key factor in the Board’s choice. “Raouf has a proven track
record,” explained Mr. Martin. “He helped to make Hill the company
it is today, and his demonstrated ability to grow our company
ultimately made his promotion an easy decision for the Board.”
Mr. Martin added, “We owe a great debt of
gratitude to Paul for his work as Hill’s ICEO. Seeing him steer the
company through major changes to our current, financially strong
position has been impressive. Paul’s dedication and personal
sacrifice in leading Hill to where it is today is truly
admirable.”
Over the past year, Mr. Ghali has been
instrumental in working with Mr. Evans to develop and implement
Hill’s Profit Improvement Plan, which is nearing its successful
conclusion. “Raouf’s leadership, expertise, and insight will be key
to leading Hill to new heights,” said Mr. Evans. “With Raouf
in-place to realize the many new opportunities the company is
positioned to enjoy, I am truly excited about Hill’s future.” Mr.
Evans, who has continued to serve as a Board Member during his
tenure as ICEO, will become an Independent Board Member following
Mr. Ghali’s promotion.
Mr. Ghali has been with Hill since 1993, serving
in several leadership positions over his tenure with the company
before assuming President and COO responsibilities in 2015. Over
the course of his nearly 30-year career, Mr. Ghali has helped to
deliver complex, high-profile building projects for clients around
the world, including iconic commercial and high-rise developments,
defense facilities, and theme parks in the United States, Europe,
Asia, and the Middle East. He served as President of Hill’s Project
Management Group from 2005 to 2015, Senior Vice President from 2001
to 2004, and Vice President from 1993 to 2001. He holds a B.S. in
Business Administration/Economics and an M.S. in Business
Organizational Management from the University of LaVerne.
The company will host a conference call at 10:00
EST on Thursday, August 23, to introduce Mr. Ghali and discuss
Hill’s plans for the future. The call will be available at
https://edge.media-server.com/m6/p/xakoezqa. The call will also be
available at (877) 511-3236 for US/Canada Participants Toll-Free or
at (786) 815-8670 for International Participants.
Hill International, with approximately 3,000
professionals in more than 50 offices worldwide, provides program
management, project management, construction management and other
consulting services to clients in a variety of market sectors.
Engineering News-Record magazine recently ranked Hill as the
eighth-largest construction management firm in the United States.
For more information on Hill, please visit our website at
www.hillintl.com.
Forward Looking Statements
Certain statements contained herein may be
considered "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, and it is our
intent that any such statements be protected by the safe harbor
created thereby. Except for historical information, the matters set
forth herein including, but not limited to, any statements of
belief or intent, any statements concerning our plans, strategies
and objectives for future operations; and any statements regarding
our intent to file late periodic reports or relisting on a national
securities exchange, are forward-looking statements. These
forward-looking statements are based on our current expectations,
estimates and assumptions and are subject to certain risks and
uncertainties. Although we believe that the expectations, estimates
and assumptions reflected in our forward-looking statements are
reasonable, actual results could differ materially from those
projected or assumed in any of our forward-looking statements.
Important factors that could cause our actual results to differ
materially from estimates or projections contained in our
forward-looking statements are set forth in the Risk Factors
section and elsewhere in the reports we have filed with the
Securities and Exchange Commission, including that unfavorable
global economic conditions may adversely impact our business, our
backlog may not be fully realized as revenue, our expenses may be
higher than anticipated, and the review of the Company's
accounting, accounting policies and internal control over financial
reporting, and the preparation of and the audit or review, as
applicable, of filings may take longer than currently anticipated
or additional restatement adjustments may be identified. We do not
intend, and undertake no obligation, to update any forward-looking
statement.
Hill International, Inc. Elizabeth J. Zipf,
LEED AP BD+C Senior Vice President Hill International, Inc.
One Commerce Square 2005 Market Street, 17th Floor
Philadelphia, PA 19103 Tel: 215-309-7707
elizabethzipf@hillintl.com
Hill International, Inc. Marco A. Martinez SVP
& Interim Chief Financial Officer (215) 309-7951
marcomartinez@hillintl.com
InvestorCom John Glenn Grau President (203)
295-7841 jgrau@investor-com.com
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